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20130101
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and failure of congress to come together on a bipartisan basis to some of a problem. and they want us to get the problem solved and get this nation moving forward. in the early morning hours in the national w senate, we finald it. now i hope the house will do the same, follow the senate example, and 60 days from now we can approach this problem in a sober, honest mature way instead of a partisan fashion. that's what the american people expect. i took a look, incidentally, of the specific impact of this this morning's vote on my state of illinois and for the record, over 5 million i will i will families will be spared a tax increase under the agreement that we passed in the early morning hours. almost all of them, the working families we described earlier. without an agreement, the average family in illinois would have faced an increase in taxes of more than $2,000. half a million families in my state will continue to receive college tuition tax credits making it easier to send their kids to college. as much as $1,000 of assistance each year, which i'm sure is a helping hand. 1.5 million illi
accepts this deal, being put together tonight, congress could claw back up the cliff. >> just hours before midnight deadline, president obama gathered supporters to announce a deal was within site. >> our immediate priority is middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> the vice president and senate republican leader leading negotiations, but phone shall deal is expected to increase estate tax from 35ses today 40%. extend unemployment benefits, and bring back higher clinton era tax rates on households making more than $450,000 a year, that $450,000 fresh hold is a major concession. tom harkin threatened to pull support. >> the deal must be one that favors the middle class and he cautioned rinz against taking a spending cuts only approach. >> if they think that is going to be the formula they've got another thing coming. >> some quickly condemned the comments. >> it's dismissive and insulting. >> that is not the way presidents should lead. >> for republicans in congress who said they'd never raise taxes on anyone, the deal to let the bus
, political posturing, and the failure of congress to come together to solve problems on a bipartisan basis. we need to move forward. in the early mornings, the senate achieved that. should have been long ago, i understand ag, but we achieve this. i hope we can now approach this in a sober, honest, mature way. i took a look of the specific impact of this morning's vote on my state. 5 million families will be scared a tax increase, almost all of them the working families are described earlier. without an agreement, the average family would have faced an increase in taxes of more than $2,000. half a million families in my state will continue to receive college tuition tax credits, as much as $1,000 of assistance each year, which i am sure is a helping hand. families raising children will continue to benefit from the child tax credit, a yearly savings of about $1,000 on average. nearly a quarter of a million families benefited from the early in pumps -- from the earned income tax credit last year. thousands of illinois children will continue to have access to school readiness programs like hea
, pass it. nothing like bringing in the new year with a good old fiscal cliff get it together congress. henry is on our independent line, henry, good afternoon, this is c-span and you're on. caller: good afternoon. i'm an independent and i wanted to comment that i guess the democrats have to be cause shouse that the republicans don't wake up and take the position they have in a catch 22 position. they can give him everything he asked for and if he's successful in his programs and his plans, we are the republican party and the house gave you ever dollar you asked for, everything worked out fine and turn around to the american public and say it was us, the republicans that did this. if it doesn't work out they can turn around and say, well, we gave you everything you asked for and it didn't work. it time for us to take over. just a word of caution to the democrats. >> connie in south carolina. good afternoon. caller: happy new year. i was calling about that speech actually. the house did pass a bill in august and it seems like the house democrats are talking like, you know, no bill was p
way. my colleagues, let's join together today. let's show the american people that this congress is not broken. that we are not so dysfunctional that we can't at minimum work together, come to agreement, compromise. let's get this done. this is too important for the american people to let this go one more day. please join me in supporting the fiscal cliff bill today. yield back my time. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent toe address the house for one minute -- to address the house for one minute. the speaker pro tempore: without objection, the gentleman from virginia is recognized for one minute. mr. connolly: thank you, mr. speaker. we are about to have a hold your nose vote here in the house of representatives. and many of us are going to wrestle with the problem of making perfect be the enemy of the good. we do have an opportunity to stabilize taxation for 899 -- 99% of all americans. to extend appreciation and investment expansion for small businesses. to make sure
increases and spending cuts. >> congress has about 24 hours to get itself together. that is worthy deadline can happen. if they do not have a deal >> there could be some havoc in place in terms of the market going up and down. i think that they are very close. with a lot of these tax provisions up. the fiscal cliff is about taxes and spending. but the big question is that what is the spending issue. if they do have an impact it should not be an impact on the economy. >> people are really losing faith? >> these people of that nearly two years to get this done. for all of the whining... i do not really think there's much sympathy from the american people. the fact of the matter is that there is not just the fiscal cliff but also there is a pending bill that is being held up by the house of republicans. to make sure that the price of milk does not double puriwith nearly $7-for $eight! and can they still with the spending cuts? right now, we are going to hear that it is just going to kick the can and down the road. everything including the spending cuts will be on the table. >>> the impression
together to make decisions in the best judgment of the people. >> the fact that congress can't do anything is a laughingstock anyway. nobody has any faith in them to begin with. >> reporter: what happens next? >> house republicans are huddled trying to figure out if they would have the votes if they made changes to add spending cuts. they will take a vote tonight on the measure the way the white house and the senate wrote it. more to come. >> as always. kelly o'donnell on capitol hill. our chief white house correspondent and political director chuck todd joins us now. chuck, there are some voices out there saying, good for the house republicans, they're standing on their principles. but a lot of voices are also saying, how much longer is this going to take? >> reporter: it may be a new year but old habits are dying hard with this congress. we're in the last throes of the typical theatrics that have been the norm in washington over the last couple of years. there's going to be a few more shenanigans before the night is over. but they're probably going to end up voting on this bill. if they
of -- and house republicans have to band together because house democrats are not going to support those spending cuts and it is true. congress had a long time to deal with this, even since the election they had two months, waited until the last second. boehner couldn't pass the so-called plan b bill. he lost a lot of leverage on this. this is very tricky for john boehner and his lieutenant. they have a relatively narrow house majority, polls show that the fiscal cliff blame would be mostly on them, not the president. not on democrats. that might change. but this is a very risky move if we go well into january with this unresolved. >> and you got to wonder if the house republicans are kicking themselves for not passing the plan b, which allowed for tax rates on people making a million or more since the figure that passed was significantly less at 400,000. bob cusack, thank you. we appreciate you being with us. >> thanks, deb. >>> well, developing this hour in alaska, on a shallow and rocky shore line near the uninhabited kodiak island, a huge oil rig has run aground. it has run aground. the coast
say they're frustrated with the way congress has handled the fiscal cliff negotiation. >> there's interests and lobbyists that are really controlling the decision making. we're kind of an afterthought now. >> lawmakers came together tonight. some financial experts say the bigger issue is an out of control federal deficit. and that part of the deal still needs to be address the. >>> u.s. stock prices higher on this final day of the year. the dow industrials rose 156 points, the nasdaq was up 59. the markets had been flat all morning, but climbed after the president's remarks that a deal seemed close at hand. 2012 seemed to be a positive year for the markets overall. the dow was up 7%. s & s & p 500 15% and the nasdaq went up nearly 16% higher than when it started. >>> secretary of state hillary clinton is in the hospital treating a blood clot. doctors say she did not suffer a stroke and expect her to make a full recovery. however clots are potentially serious if not treated. they can lead to a hemorrhage inside the brain. it's believed this blood clot is related to the concussion
with the way congress has handled the fiscal cliff negotiation. >> there's interests and lobbyists that are really controlling the decision making. we're kind of an afterthought now. >> lawmakers came together tonight. some financial experts say the bigger issue is an out of control federal deficit. and that part of the deal still needs to be address the. >>> u.s. stock prices higher on this final day of the year. the dow industrials rose 156 points, the nasdaq was up 59. the markets had been flat all morning, but climbed after the president's remarks that a deal seemed close at hand. 2012 seemed to be a positive year for the markets overall. the dow was up 7%. s & s & p 500 15% and the nasdaq went up nearly 16% higher than when it started. >>> secretary of state hillary clinton is in the hospital treating a blood clot. doctors say she did not suffer a stroke and expect her to make a full recovery. however clots are potentially serious if not treated. they can lead to a hemorrhage inside the brain. it's believed this blood clot is related to the concussion secretary of state clinte
together. he wanted peace without any territory which, of course, didn't happen. now, just two weeks after clay's speech, the 30th congress convened in washington, and guess who was there? abraham lincoln. abraham lincoln heard clay's speech in lexington because he was visiting the town on his way from springfield to washington, d.c.. he was visiting mary's family in lexington and while he was there, he got to hear henry clay speak. it was a tremendous thing for lincoln. lincoln always idolized clay calling him the ideal politician, and to have the opportunity to actually hear clay speak was a huge thing for him. lincoln, when he was young, carried around a book of clay's speeches and read them to himself. when he was a young man, he was the president of the clay club and asked henry clay to speak in springfield, and he didn't come. this was lincoln's opportunity to meet the politician he respects and admires the most, and he heard clay give a speech against the war: perhaps t nos the surprising when lincoln's in washington, rather than talking about tariffs or economic issues that motivat
crew. i suspect mr. banner will be able to put the deal together. he will not like that he will lose possibly 100 votes and will have to deal with more democratic votes. that will weaken him for the 113th congress. host: on that point, here is the american majority action, the conservative group, who wrote this ahead of the senate vote this morning -- caller: there is a lot of validity in that. the $1 million -- that was a pipe dream. it was a test vote. everybody in washington understands that. the american people do not understand a lot of that. that is unfortunate. thank god for shows like you guys do, and the valley -- and a valuable message and education you provide. that was a general test vote. it was a pipe dream. at the end of the day, mr. boehner and newt gingrich has been very public about this -- sure, it is not a great glorious, right-wing wind, but anybody worth their accounts -- their pounds and if, if you're making over $400,000 in a household, that is a win for republican families and people that make tons of money. i am sympathetic to boehner's position. he will not
together last year. go through this drama two or three months down the road. it's all self-serving and all ridiculous. >> juliet: that's why polls show americans have a horrible opinion of the way congress is. >> they really should have a horrible opinion of the way congress acts. the real fiscal cliff beneath our feet is the $16 trillion in debt that's going to continue to go higher and higher and the lost opportunities. this country is nowhere near living up to its greatness that we possess. nowhere near it. >> steve: let's see. we're just starting a new year. we can be optimistic burks -- but relickicly? >> it could have been worse. >> juliet: thank you, charles. happy new year. >> brian: that could be the cover of anthony robins you -- new book. >> juliet: still ahead, have you made a new year's resolution, chances are you did. father john shows us how faith can help you keep it. >> steve: how about dinner and drinks wednesday night with the girls? forget it. we'll tell you who is pulling the plug on ladies night. oh, oh ♪ fare thee well ♪ farewell ♪ mr. gloom be on your way ♪
Search Results 0 to 12 of about 13